In October 2018, Pintec completed its initial public offering (“IPO”) in which it sold more than 3.7 million American Depositary Shares (or “ADSs”) at $11.88 per share.

On April 30, 2019, the Company disclosed that it could not timely file its 2018 annual report, its first filing on Form 20-F since it went public. Since the IPO, Pintec’s ADSs have traded as low as $2.80 per share, significantly below the $11.88 offering price.

On July 22, 2019, Cadence announced that the Company’s financial and operating results for the second quarter of 2019 were “negatively impacted by higher credit costs including net charge-offs of $18.6 million and loan provisions of $28.9 million,” which caused Cadence to miss second quarter earnings expectations. On this news, Cadence’s stock price fell $3.75 per share, or 19.12%, to close at $15.86 per share on July 22, 2019.

On September 2, 2019 Eldorado disclosed that Eldorado CEO Tom Reeg, COO and President Anthony Carano, Executive Chairman Gary Carano, and board member James Hawkins had all received subpoenas in May as part of an ongoing investigation into their trading of shares in an undisclosed company allegedly tied to Hawkins. On this news, shares of Eldorado dropped by 8% on the same day, to close at $35.42 per share.

On November 15, 2018, the company announced disappointing sales results, weakening sales growth, and that credit card holders were charged incorrect interest amounts. On this news, Nordstrom’s share price fell by more than 13%, closing at $50.93 on November 16, 2018.